Asset Securitization: Basic Theory and Case Analysis

Author: Li Yao
Publisher:
Publish Date: 2001-12-01
Features: This book elaborates on the concept of asset securitization, its operational steps, major product varieties, and various related institutions. It analyzes the drivers of securitization, its cost-benefit analysis, the impact on the macro-financial system, and the innovation it brings to the financial theory system. Additionally, it explores accounting, taxation, legal, and regulatory issues involved in securitization. Finally, it focuses on two domestically discussed hot topics—mortgage-backed securities and bank non-performing asset securitization—and presents the author's own perspectives. At the end of the book, five case studies and asset securitization regulations from regions such as South Korea and Hong Kong, China, are appended.